Deltic Energy (LON:DELT) Stock Price Down 9.1% – Should You Sell?

Deltic Energy Plc (LON:DELT)’s share price traded down 9.1% during mid-day trading on Friday . The stock traded as low as GBX 5 ($0.07) and last traded at GBX 5 ($0.07). 474,955 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 368,560 shares. The stock had previously closed at GBX 5.50 ($0.07).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price objective on shares of Deltic Energy from GBX 25 ($0.34) to GBX 34 ($0.46) and gave the company a “speculative buy” rating in a research report on Thursday, April 17th.

Deltic Energy Stock Performance

The company has a market capitalization of £5.15 million, a PE ratio of -2.92 and a beta of 1.63. The company has a current ratio of 1.70, a quick ratio of 30.42 and a debt-to-equity ratio of 3.02. The firm’s 50-day simple moving average is GBX 5.83 and its 200-day simple moving average is GBX 5.06.

Deltic Energy Company Profile

An emerging UK focused E&P company